Jim Cramer’s Top 10 Things Wednesday: Inflation Cooling Down, Microsoft, Apple

Top 10 things to watch Wednesday, January 18th

1. “Moderate recession” are the new watchwords. We’ll talk about this concept and how to run it through “monthly meeting” noon ET on Thursday. Meanwhile, ahead of Wednesday’s opening bell, new data shows that still-high inflation is easing. Producer prices in December dropped 0.5% greater than expected. Retail sales also fell last month, 1.1% more than expected.

2. Before Wednesday’s session, it was Nasdaq It has continued to rise, now in seven consecutive sessions. the Dow Jones Industrial AverageHowever, he took it on the chin on Tuesday, closing by more than 1% ending her four-session winning streak. the Standard & Poor’s 500The modest loss he suffered was also the first in five days.

3. United Airlines (UAL) reported a strong fourth quarter with better-than-expected earnings and revenue. It also beat early forecasts for 2023, continuing the LTS style, “Life’s Too Short” that we explore in the “Mad Money” series. Travel is a post-Covid winner.

4. Citi Sale Morgan Stanley (MS) to a neutral (hold) from a buy, saying that all of Tuesday’s good earnings news has already been priced into the stock. Analysts fear net interest margin pressure. It assumes Citi’s price target of $100 per share is a 13 times multiple. very high. But I think this club stock has really broken out of the pack. BMO Capital and Wells Fargo raised PT to $109 and $89, respectively.

5. Wells Fargo lowers its price target Goldman Sachs (GS) to $390 per share from $400 after Tuesday’s earnings disappointment. However, the analyst maintains an Overweight (Buy) rating on the Dow stock. David Solomon, CEO of Goldman Sachs he told CNBC Out of Davos on Wednesday, the bank took a lot, very quickly, into its consumer business.

6. UBS lowers the price target United Health (UN) to $550 a share from $590 after a largely strong quarter; It maintains a neutral (hold) rating. strange. Analysts say the Dow Jones stock will be range bound. In the defense health insurance sector, we love and own Humana (HUM) for the club.

7. Credit Suisse maintains its Outperform (Buy) rating an Apple (AAPL) after announcing the tech giant’s next generation of semiconductors, the M2 Pro and M2 Max, and new Mac Minis and MacBook Pros. Analysts also reiterated the $185 share price target on the club’s stock, which is up 38% from Tuesday’s close.

8. Holding club Microsoft (MSFT) Announce 10,000 layoffs, or about 5% of its workforce; $1.2 billion in fees associated with lease consolidation and other activities. Microsoft announces its quarter next week, next Tuesday.

9. Treasury Secretary Janet Yellen he sat With Chinese Vice Premier Liu He in Zurich, Switzerland, just over 90 miles northwest of Davos, is where the world’s elite congregate. Prior to traveling on her trip to Africa, the Treasury Department described Yellen’s first personal encounter with Liu as “frank, substantive, and constructive.” Both sides agreed to improve communication.

10. Moderna (MRNA) (MRNA) shares jumped nearly 7% after the biotech company said late Tuesday that its RSV vaccine is… 84% effectiveness in disease prevention in the elderly.

(Jim Cramer’s Charitable Trust Long MS, HUM, AAPL, MSFT. See here for a full list of stocks.)

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